David Hamilton has been promoted to executive vice president of acquisitions and inventory management at EMC Mortgage Corp., Irving, Texas, and Jo-Karen Whitlock was been promoted to senior vice president of conduit.Mr. Hamilton was promoted to EVP after 14 years at EMC, most recently as senior vice president. He has overseen various departments, including due diligence, asset evaluation, and trading support, the company said. Before joining EMC, Mr. Hamilton served on the retail originations side of the mortgage industry with such companies as The Associates, Manufacturers Hanover, Anchor Mortgage Services, and Equitable Banc Mortgage Corp. Ms. Whitlock has more than 25 years of industry experience, the last three of them with EMC. She was previously regional underwriting manager for Wells Fargo Home Mortgage, vice president of GMAC/RFC, and underwriting manager and risk manager at Fannie Mae, among other positions.
-
Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
2h ago -
Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
3h ago -
The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
June 22 -
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
June 22 -
William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
June 22









